Once their bonus expires they will take away your account and cancel your trading as this is what happened to me yesterday. I verified my card information only to find out you can’t even withdraw to your bank account.I requested to have my account deleted but they want me to take a picture of my self holding an “ID”. Like you want more senstive information to delete my account and my personal information? A 24-hour customer service helpline is available from Monday to Friday. Liteforex promises to provide support for customers in their native languages, though it’s not clear quite which or how many languages this service is available in.

• Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level.
• One user was particularly interested in webinars designed for traders.
• But the broker has high spreads and commissions and may not be suitable for traders who prefer low trading fees and commissions.
• It’s possible to change it later without having to close your open or pending orders first.
• LiteFinance offers a phone number but does not have a dedicated Contact Us or Support section.
• Like you want more senstive information to delete my account and my personal information?

LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225. Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses. An easy-to-use dedicated trading platform provides a comprehensive analytical toolkit and suits any trader regardless of experience. A FAQ section on the website aims to provide answers to common questions. This is impressively well organised compared to what other brokers offer.

Here’s our quick trading account opening form

Different levels of verification are required depending on the size of the amount being withdrawn. Unlike most brokers, Liteforex does not charge inactivity fees – accounts are archived after three months of inactivity but can be recovered. 24-hour telephone support on trading days and award-winning live chat, both available in multiple languages, mean that it’s easy to get support when needed. LiteForex broker clients are assured of the complete safety of their personal information. LiteForex’s clients are guaranteed twenty-four-hour technical assistance 5 days a week. The “single window” system makes it possible to receive competent advice on any matter by use of LiveChat.

• I could go on and on because the list goes on, but I’ll have to stop here for now.
• LiteForex provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms.
• When it comes to education, LiteForex review must mention how there are several categories of educational materials.
• But most clients typically receive their funds within 3-5 days.
• If you have added money using multiple systems, you can use any one of them to withdraw it.

It’s possible to change it later without having to close your open or pending orders first. Whenever someone hears about foreign exchange trading, they give up trying to understand it beca… Have you ever tried a full version or a Forex robot demo download? The Best of the Best Demo Contest of LiteForex will truly test your ability without any financial … Withdrawal requests are processed manually within 1 working day from the date of request by the Financial Department. All withdrawal requests are processed during working hours on a first-come, first-serve basis.

Safety & Security of LiteForex

Impressively, the LiteFinance customer team was on the ground to respond to these negative reviews. Judging from the reviews (negative and positive), LiteFinance is worth a trial. People who write reviews have ownership to edit or delete liteforex broker them at any time, and they’ll be displayed as long as an account is active. Online registration merely requires an e-mail address or phone number and a password. Traders may also sign-up through their Google or Facebook accounts.

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Ghana, Nigeria, and Myanmar clients can have their accounts denominated in local currencies. This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. I like the trading environment at LiteFinance for cryptocurrency traders who seek a copy trading service. LiteFinance, previously known as LiteForex, faces technical issues and experiences a rise in fraud claims.

Compare Liteforex with other approved brokers

LiteForex also offers a Fibonacci calculator, which can further assist traders in defining better entry and exit points. LiteForex provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as the main trading platforms. LiteForex also offers social trading capabilities, and MT5 has inbuilt plugins for this purpose. Additionally, mobile trading is also offered through the MT5 Android app. The trader supports the core MT4/MT5 trading platforms and offers traders mobile trading apps. Other features include quality third-party research in partnership with Claws & Horns and its proprietary copy-trading platform.

Tradable Instruments

Negative balance protection ensures that when market volatility is unusually high, Liteforex clients are protected from losses exceeding the value of their initial investments. All in all, Liteforex is a refreshingly straightforward option. Potential clients without sufficient knowledge should seek individual advice from an authorized source. Once the traders make an account and activate it with deposit, they can deposit smaller amounts as well. As we have seen above the LiteForex fees seem a bit high, to further clarify the picture let’s compare it with other popular brokers on the market. International money transfers to a bank card can take up to 14 business days from the date of transfer.

With Litefinance I have no worries and it feels good honestly.4. I have enjoyed very timely help and assistance when it was needed.5. An amazing community of profitable and committed traders on their social platforms. I could go on and on because the list goes on, but I’ll have to stop here for now. Choosing Litefinance is undoubtedly one of the best decisions I have made on my trading journey.

Dear Aleksey D,We are glad that you appreciated our services and that you are an active trader. Good luck in your trading.Best regards,LiteFinance representative. I’ve been trading with LiteFinance for two years, and can say that every my question was solved with support team or dealing department with all respect to me.

Others complimented the broker on the excellent training condition they offer traders, competitive commission, and user-friendly interface. It should be noted that LiteForex applies a slightly different cost structure to its two account types. The Classic account features 0% commissions with the spreads, including a markup, as outlined above. However, the ECN account, which is aimed at professional and institutional users, charges a flat commission of $5 per round trip per lot. Traders will conduct all financial transactions from the secure back office of LiteFinance. I find the deposit and withdrawal methods sufficient for most traders and appreciate the inclusion of cryptocurrencies.

It’s fast and reliable and it is one of the rare brokers that is transparent enough to have a live chat room in their website so the customers can interact with each other and share trading ideas together. Liteforex provides a social trading system, but beyond this, it does not have a forum of its own. It does, however, maintain a presence on Facebook, Twitter, Instagram and LinkedIn. Clients can use all these social media platforms to communicate with the broker and with one another.